Tuesday, March 16, 2010

Trinity Wall Street Awards Business Grants In Africa and New York City

Trinity Wall Street, via New York's Trinity Church, has awarded more than $500,000 in funding for the first quarter of 2010. The funds are being allocated to many causes, including micro-enterprise development in Burundi (Africa), and small business loan disbursement in New York City.

They have awarded the Province of Burundi with $175,000 to be distributed over two years to train women in micro-enterprise development. The grant will allow for the development of 10 women loan groups that will include training in business planning, financial management and group management.

They also awarded the Lower East Side People's Federal Credit Union with a $60,000 grant to provide loss reserves for small business loans in the Lower East Side and Central Harlem in order to create new jobs and retain existing jobs.